UAE: Weekly Markets Dashboard Report - 17 June

Transcription

1. Weekly Markets Dashboard 17 June 2021 Regional Markets Performance Regional Indexes Closing 5 Days Change (%) 30 Days Change (%) 90 Days Change (%) Year TD Change (%) ADX (Abu Dhabi) 6,647 (1.03) 9.06 17.53 31.74 DFM (Dubai) 2,863 0.71 7.87 8.31 14.88 TASI (Riyadh) 10,866 0.65 4.19 25.97 25.05 EGX (Cairo) 9,877 (1.01) (6.71) (15.10) (8.93) Dow Jones 34,034 (1.20) (0.57) 8.26 11.20 4,224 0.10 1.35 8.03 12.45 14,040 0.92 3.37 0.48 8.93 S&P 500 Nasdaq FTSE 100 7,147 0.83 3.78 10.47 10.63 MSCI EM 1,370 (0.87) 2.77 (3.72) 6.10 210 (0.15) 2.26 (3.81) 4.80 MSCI Asia UAE Stock/Market Specific Highlights • Global equity markets remained mixed during the week, coming under pressure towards the end on FED disclosure of officials projecting accelerated timetable of interest rates increases and opening of talks on ways of ending the bond-buying. US FED moved their first projected rate increase from 2024 to 2023 with 13 of the 18 policymakers seeing a liftoff in that year. • The mixed sentiment was reflected regionally too, despite oil prices remaining near the multi-year high. ADX lost 1.0% during the week while DFM added 0.7% during the week. • ADX decline was on the back of correction in ADCB of 7.6%. It was reported that an investor has sold its entire stake in ADCB for about AED 1.1bln (USD 300mln). The undisclosed shareholder offered 164mln shares in ADCB at AED 6.70 each. • DFM increase was led by 2.4% gain in Emaar Development and 2.2% rise in ENBD. • Julphar stock climbed 9.2% during the week. The company sold 51% stake in Saudi's Alpha Pharma towards the end of the week. • Arkan stock added 3.0% during the week, the company has appointed valuers to review the offer to form a strategic combination with Emirates Steel. Upcoming Corporate Actions and Events Date Company 21-Jun FTSE Index 2Q21 Index Effective Date 21-Jun Aman AGM 21-Jun Etisalat BoD/General 23-Jun Arkan BoD/Merger 30-Jun InvestBank AGM Harshjit Oza hoza@intlsecurities.com +971 2 494 2608 Event Yawar Saeed ysaeed@intlsecurities.ae 1
2. 17 June 2021 Charts of the Week FED sees two rate hikes by end of 2023 , inches towards taper: FED officials signalled that the pace of the U.S. economic recovery from the pandemic is bringing forward their expectations for pace of policy support reduction. Chair said that officials had begun a discussion about scaling back bond purchases after releasing forecasts that show they anticipate two interest-rate increases by the 2023 end, projecting a faster-than-anticipated pace of tightening. “The economy has clearly made progress,” Powell said, noting that policy makers had debated how far the economy has travelled toward their threshold for scaling back USD 120bln in monthly bond purchases. ADCB investor exits with USD 300mln sale: An investor has sold its entire stake in Abu Dhabi Commercial Bank (ADCB) for about AED 1.1bln (USD 300mln). The undisclosed shareholder offered 164mln shares in ADCB at AED 6.70 each, according to terms seen by Bloomberg. More bids were received than securities offered at that level. The shares were offered at a 5.5% discount to the stock’s closing price of AED 7.09. ADCB’s shares are up 14% for the year, less than half the 33% increase for the ADX General Index. The stock has yet to recover from the slump caused by the pandemic and was also lagging behind the 31% gain for First Abu Dhabi Bank, the biggest lender in the United Arab Emirates. Stocks, bonds oil near USD 72 as investors size up FED’s shift, lower stockpiles: Oil traded near USD 72 a barrel as investors weighed signs of a tightening global crude market against the Federal Reserve’s decision to start moving toward an end of its ultra-easy monetary policy. West Texas Intermediate was 0.2% lower, and Brent also fell. On Wednesday, Fed Chairman Jerome Powell said officials would begin talks on tapering massive asset purchases, while penciling in two rate hikes by the end of 2023. That aided the dollar, hurting the appeal of commodities priced in the currency, while hitting sentiment in wider markets. Source: Bloomberg 2
3. 17 June 2021 Weekly Stock Performance | UAE TOP 10 WEEKLY VOLUME LEADERS Volume Leaders - 5 Day Average Value Traded (AVT) Company CMP IHC 96.30 MCap(AEDm) 5 Day AVT (AED) 1 Week (%) 3 Month (%) 175,909 447,867,010 (1.13) Year TD(%) 95.15 130.00 Aldar 3.80 29,957 261,884,954 (0.26) 5.85 25.68 FAB 16.56 184,548 258,419,134 (2.24) 14.97 37.83 ADCB 6.90 49,328 64,259,522 (7.63) 17.71 19.42 EMAAR 4.11 29,355 56,851,669 1.23 13.72 19.20 ADNOC 4.39 54,375 55,028,280 (0.23) 3.10 18.77 RAK Ceramics 2.34 2,315 41,376,447 (1.68) 33.84 62.39 Arkan 1.36 2,415 36,059,993 3.03 73.37 56.82 Etisalat 22.18 192,547 35,202,003 0.64 9.80 36.04 4.94 35,480 30,805,380 (1.59) 6.55 10.94 DIB TOP 10 WEEKLY GAINERS AND LOSERS (TOP 50 STOCKS) Top 10 Weekly Gainers (top 50 selected stocks) Company CMP MCap(AEDm) 1Week (%) 3 Month (%) Year TD(%) 52 Week High 52 Week Low ADSB 3.03 617 17.90 42.65 24.89 3.25 1.83 ADNIC 5.49 3,238 12.04 18.48 19.41 5.93 3.03 67.00 11,895 11.67 3.08 (1.33) 71.00 60.00 RAK Properties 0.65 1,280 10.19 21.67 33.33 0.66 0.35 Julphar 1.55 1,848 9.15 26.98 20.30 1.77 1.02 Ajman Bank 0.77 1,596 4.22 2.98 (2.56) 0.83 0.57 DIC 1.73 7,271 4.22 11.66 23.98 1.76 1.11 Sudatel 0.41 530 4.11 5.19 (2.41) 0.45 0.26 RAK Bank 4.07 6,319 3.83 (3.08) (3.33) 4.24 3.35 DFM 1.19 9,360 3.48 7.34 25.81 1.29 0.75 MCap(AEDm) 1Week (%) 3 Month (%) Year TD(%) Mashreqbank Weekly Losers (top 50 selected stocks) Company CMP 52 Week High 52 Week Low Palms 12.02 1,785 (14.87) (26.90) (9.85) 20.00 4.30 ADCB 6.90 49,328 (7.63) 17.71 19.42 7.57 4.95 ERC 5.82 186 (7.62) (58.67) 20.62 41.00 2.57 Takaful Emarat Ins. 1.50 225 (7.41) 14.50 (6.25) 1.77 1.20 Finance House 1.72 558 (4.44) (0.55) (5.26) 1.95 1.52 Aramex 3.92 5,842 (4.39) 5.71 (5.88) 4.49 3.20 Gulf Navigation 0.31 316 (3.12) (9.62) (25.30) 0.55 0.30 Agthia 6.59 4,680 (3.09) 1.13 56.82 7.32 2.70 DU 6.75 30,733 (2.32) (3.44) 20.41 7.22 5.00 FAB 16.56 184,548 (2.24) 14.97 37.83 17.14 10.36 3
4. 17 June 2021 Weekly Stock Performance | UAE WEEKLY FOREIGN (NON-GCC) OWNERSHIP CHANGE Weekly Foreign (Non GCC) Ownership Increase^ Foreign Ownershp (%) Change (%) ADCB 12.73% 1.56 108,535,112 769,513,947 FAB Etisalat Adnoc EMIRATESNBD EMAAR ADNIC DFM Agthia EMAAR DEV 15.83% 5.08% 3.71% 9.75% 28.44% 0.69% 5.63% 8.90% 5.93% 0.13 0.02 0.07 0.03 0.07 0.33 0.11 0.20 0.04 14,185,100 1,739,360 8,750,000 1,894,979 5,011,817 1,881,000 8,795,339 1,440,000 1,600,000 239,912,400 38,509,430 38,062,500 26,055,968 20,548,451 10,684,080 10,296,000 9,360,000 5,984,000 Company name Shares Change Mcap Change (AED) Change in Foreign Ownership data is based on information obtained from ADX and DFM. Weekly Foreign (Non GCC) Ownership Decrease^ Foreign Ownershp (%) Change (%) Shares Change Mcap Change (AED) Aldar 23.25% (0.55) (43,244,463) (164,761,403) DIB IHC DAMAC Arkan AIRARABIA Zee DIC ADNH 9.94% 7.01% 33.82% 2.29% 14.74% 6.37% 9.29% 0.64% (0.10) (0.01) (0.20) (0.44) (0.11) (0.78) (0.06) (0.10) (7,227,144) (182,100) (12,100,000) (7,700,000) (5,133,370) (780,000) (2,551,211) (1,000,000) (35,479,647) (17,590,860) (15,488,000) (10,626,000) (7,032,717) (7,020,000) (4,362,570) (4,170,000) RAK Cement 8.82% (0.28) (1,408,730) (2,352,580) Company name Change in Foreign Ownership data is based on information obtained from ADX and DFM. 4
5. 17 June 2021 ADX , DFM Focus List UAE FOCUS LIST Company MCAP PRICE (AEDm) (AED) HIGH - LOW 52WL TTM P/E DIV TTM P/B HISTORICAL RETURN 1M% 3M% YTD% 12M% ADCB 49,328 6.90 7.57 4.95 10.45 0.89 3.9% 11.7 17.7 19.4 41.6 ADIB 20,085 5.60 5.68 3.58 12.11 1.01 3.7% 7.4 17.8 22.6 54.1 ADNIC 52WH VALUATION YLD (%)^ 3,238 5.49 5.93 3.03 8.48 1.31 6.4% 18.3 18.5 19.4 103.0 54,375 4.39 5.01 2.90 22.36 15.64 4.7% (11.2) 3.1 18.8 58.2 Agthia 4,680 6.59 7.32 2.70 79.35 1.95 2.5% 1.6 1.1 56.8 142.4 Air Arabia 6,393 1.39 1.42 1.07 NA 1.30 0.0% 6.2 5.4 7.0 20.2 Ajman Bank 1,596 0.77 0.83 0.57 20.23 0.64 0.0% 5.6 3.0 (2.6) 29.7 Al Waha Capital 2,742 1.42 1.47 0.62 4.08 0.86 4.2% 11.0 24.6 23.6 116.8 Aldar Properties 29,957 3.80 3.90 1.68 15.50 1.17 3.8% 6.7 5.9 25.7 123.7 Amanat Holdings 2,378 0.96 0.98 0.75 66.18 0.93 2.3% 5.7 6.9 16.0 13.2 377 0.25 0.38 0.20 NA 1.54 0.0% (1.2) 16.2 (0.8) (23.9) Aramex 5,842 3.92 4.49 3.20 26.79 2.14 3.3% (0.3) 5.7 (5.9) 25.5 Bank of Sharjah 1,170 0.56 0.77 0.50 NA 0.37 0.0% NA (11.0) (11.6) (9.4) DAMAC Properties 7,744 1.28 1.75 0.67 NA 0.60 NA 3.2 10.3 (1.5) 85.5 Dana Gas 5,617 0.81 0.84 0.63 38.97 0.70 6.8% 3.2 10.3 20.4 34.2 Deyaar Development 1,716 0.30 0.33 0.25 NA 0.40 0.0% 6.8 13.4 5.7 1.7 Dubai Financial Market 9,360 1.19 1.29 0.75 73.91 1.20 0.0% 8.3 7.3 25.8 44.4 Dubai Investment 7,271 1.73 1.76 1.11 15.21 0.61 NA 6.9 11.7 24.0 55.0 31.5 ADNOC Dist Amlak Finance Dubai Islamic Bank 35,480 4.94 5.15 3.75 14.33 0.98 4.0% 7.7 6.6 10.9 Easy Lease 750 25.02 27.00 10.00 30.52 15.79 NA 4.2 4.7 42.0 - Emaar Dev 14,960 3.87 3.82 2.04 8.36 1.24 0.0% 22.2 30.8 36.0 77.3 Emaar Malls 26,029 2.02 2.05 1.26 40.45 1.34 0.0% 4.2 11.7 9.3 57.5 Emaar Properties 29,355 4.11 4.22 2.54 11.91 0.53 2.4% 5.1 13.7 19.2 51.9 DU 30,733 6.75 7.22 5.00 22.85 3.77 4.1% 2.1 (3.4) 20.4 41.7 ENBD 86,853 14.00 14.00 8.39 13.27 1.05 2.9% 11.3 17.5 38.3 59.5 788 0.34 0.46 0.22 NA 0.59 NA 2.7 (4.0) 6.6 41.3 Etisalat 192,547 22.18 22.24 16.40 21.13 4.31 5.4% 1.2 9.8 36.0 38.3 First Abu Dhabi Bank 184,548 16.56 17.14 10.36 17.37 1.71 4.5% 5.2 15.0 37.8 53.3 2,593 0.69 0.69 0.53 11.41 0.70 2.5% 5.3 13.0 17.6 27.5 316 0.31 0.55 0.30 NA 0.81 0.0% (6.6) (9.6) (25.3) (24.2) 175,909 96.30 100.00 28.50 35.29 18.28 NA 1.7 95.2 130.0 206.3 Eshraq Investments GFH Gulf Navigation Holding IHC Julphar 1,848 1.55 1.77 1.02 NA 2.11 0.0% 3.2 27.0 20.3 23.1 11,895 67.00 71.00 60.00 NA 0.63 6.0% 3.1 3.1 (1.3) 0.1 National Bank of Fujairah 9,536 4.98 NA NA NA NA 1.9% NA NA NA NA Tabreed 7,884 2.84 3.15 1.83 14.52 1.53 2.0% (3.1) 8.5 11.8 49.6 RAK Bank 6,319 4.07 4.24 3.35 13.62 0.80 3.7% 3.9 (3.1) (3.3) 10.6 RAK Properties 1,280 0.65 0.66 0.35 7.73 0.32 6.2% 10.3 21.7 33.3 76.3 RAK Ceramics 2,315 2.34 2.45 1.24 NA 1.08 3.2% 22.0 33.8 62.4 77.8 SALAMA 1,029 0.84 0.97 0.49 6.64 1.21 9.8% 1.7 8.7 10.6 91.6 Sharjah Islamic Bank 4,468 1.47 1.48 1.08 10.73 0.60 5.4% 3.6 9.0 16.4 39.7 SHUAA Capital 1,559 0.62 0.77 0.50 3.67 1.03 4.9% 1.8 (5.9) (5.2) 17.2 Mashreqbank Takaful Emarat Insurance 225 1.50 1.77 1.20 NA 2.06 5.5% (6.3) 14.5 (6.3) 9.5 157,408 1.41 1.78 0.61 34.68 2.50 1.8% 2.9 1.9 (1.7) 121.8 Union Properties 1,158 0.27 0.36 0.25 3.53 0.40 0.0% (2.9) 3.1 (3.6) (17.2) United Arab Bank 1,541 0.75 0.89 0.59 NA 1.07 0.0% NA (15.6) (12.0) (16.4) TAQA 5
6. 17 June 2021 Top Gainers | GCC TOP 10 REGIONAL WEEKLY GAINERS Company Country Currency CMP MCap (USDm) I Week Sector Chng (%) VALUATION TTM P/E TTM P/B 52 Week High Low Dhofar Int. Dev. Oman OMR 0.27 254 21.4 Financial 1.5 0.7 0.26 0.20 ADNIC UAE AED 5.49 852 12.0 Insurance 8.5 1.3 5.93 3.03 Mashreqbank UAE AED 67.00 3,239 11.7 Banking - 0.6 71.00 60.00 ACWA Power Oman OMR 0.48 199 11.2 Utilities - 2.6 0.49 0.43 Gulf Insurance Kuwait KWD 8.63 578 10.6 Insurance 8.9 1.4 9.00 5.42 GI House Kuwait KWD 2.99 404 10.1 Financials - 3.4 3.39 0.46 Julphar UAE AED 1.55 488 9.2 Phramaceuticals - 2.1 1.77 1.02 Tamdeen Inv. Kuwait KWD 2.69 309 8.9 Holding Co. - 0.4 3.71 1.99 DRC UAE AED 19.00 466 8.6 F&b 28.7 2.0 19.00 8.79 United Electronics KSA SAR 137.80 2,153 8.3 Retailers 24.7 10.3 136.00 52.20 TOP 10 REGIONAL MONTHLY GAINERS Company Country Currency CMP MCap (USDm) I Month Sector Chng (%) VALUATION TTM P/E TTM P/B 52 Week High Low Saudi R & M KSA SAR 158.60 3,460 67.0 Industrial 47.6 7.9 166.00 57.00 ADNH UAE AED 4.10 1,116 53.3 Consumers 22.0 0.6 4.35 2.33 NCTH UAE UAE AED 3.50 749 42.9 Hospitality 23.6 1.5 3.50 1.69 Saudi Pharma. KSA SAR 56.00 1,792 28.7 Pharma 61.8 3.4 59.80 28.70 GI House Kuwait KWD 2.99 404 Knowledge E. City KSA SAR 22.12 Kingdom Hold. KSA SAR 10.50 Al Maha Petroleum Oman OMR 0.70 125 Emaar Dev. UAE AED 3.87 4,215 RAK Ceramics UAE AED 2.34 633 26.7 Financials - 3.4 3.39 0.46 1,985 25.8 Real Estate - 2.4 23.04 8.07 10,277 23.4 Holding Co. - 1.2 10.88 6.65 42.2 1.2 0.72 0.49 22.2 Real Estate 8.4 1.2 3.82 2.04 22.0 Consumers - 1.1 2.45 1.24 22.8 Energy TOP 10 REGIONAL YEAR TO DATE GAINERS Company Country Currency CMP MCap (USDm) YTD Sector Chng (%) GI House Kuwait KWD 2.99 404 261.8 Financials Al Jazeera Steel Oman OMR 0.39 127 206.0 Mineral Resources National RE Kuwait KWD 2.02 1,057 Oman Cables Oman OMR 1.09 254 155.3 Industrial Arzan Financial Kuwait KWD 1.33 355 140.1 Financial IHC UAE UAE AED 96.30 47,746 Saudi R & M KSA SAR 158.60 3,460 NCTH UAE UAE 166.6 Real Estate VALUATION TTM P/E TTM P/B - 52 Week High Low 3.4 3.39 0.46 10.3 1.1 0.40 0.09 222.0 1.1 2.05 0.66 30.7 0.9 1.09 0.41 1.0 1.44 0.37 - 130.0 PE/Diversified 42.9 19.5 100.00 28.50 106.6 Industrial 47.6 7.9 166.00 57.00 AED 3.50 749 103.6 Hospitality 23.6 1.5 3.50 1.69 Al Omaniya Financial Oman OMR 0.13 95 97.4 Financials 23.4 0.6 0.13 0.07 DRC AED 19.00 466 88.1 F&b 28.7 2.0 19.00 8.79 UAE Note: Market capitalisation is in USD million while closing prices are as per local currencies . 6
7. 17 June 2021 Top Losers | GCC TOP 10 REGIONAL WEEKLY LOSERS Company Country Currency CMP MCap (USDm) 1 Week Sector Chng (%) VALUATION TTM P/E TTM P/B 52 Week High Low Palms UAE AED 12.02 491 21.7 7.7 20.00 4.30 ADCB UAE AED 6.90 13,071 (7.6) Banking 10.6 0.9 7.57 4.95 Yanbu N. Petro KSA SAR 70.10 10,799 (5.3) Petro- Chem 40.8 2.7 75.00 49.00 Aayan Leasing Kuwait KWD 1.70 404 3.6 1.3 2.04 0.41 Aramex UAE AED 3.92 1,563 (4.4) Transportation 26.8 2.1 4.49 3.20 National Petro. KSA SAR 44.00 5,644 (4.1) Petro- Chem 43.2 2.5 53.00 23.80 Vodafone Qatar Qatar QAR 1.63 1,865 (3.9) Telecom Orascom Cons. UAE USD 5.00 584 Advanced Petro. KSA SAR 77.30 4,514 Al Suwadi Power Oman OMR 0.05 100 (14.9) Consumers (5.0) Financial 33.9 1.6 1.92 1.08 (3.8) Real Estate 6.5 1.0 6.00 4.50 (3.7) Petro- Chem 25.5 5.1 83.90 49.80 3.6 0.4 0.06 0.05 (3.6) Utilities TOP 10 REGIONAL MONTHLY LOSERS Company Country Currency CMP MCap (USDm) 1 Month Sector Chng (%) VALUATION TTM P/E TTM P/B NB Quwain UAE AED 1.91 961 (14.7) Banking UP for Aviation Kuwait KWD 2.99 380 (13.8) Transportation ADNOC UAE AED 4.39 14,941 Gulf Cable Kuwait KWD 7.68 Kuwait N. Cinema Kuwait KWD National Petro. KSA SAR GMPC UAE AED 2.01 Gulf Hotel Group Bahrain BHD Palms UAE AED Qatar Aluminum Qatar QAR 1.55 2,338 16.4 - 52 Week High Low 0.7 2.24 1.81 1.1 4.10 1.86 (11.2) Energy 20.6 19.3 5.01 2.90 536 (10.7) Industrial Goods 25.2 0.9 8.88 5.17 8.80 296 (10.0) Consumers 44.00 5,644 - 1.2 9.90 6.00 (10.0) Petro- Chem 43.2 2.5 53.00 23.80 382 (9.9) Healthcare 40.7 - 2.62 1.33 0.31 186 (8.8) Consumer 0.7 0.38 0.31 12.02 491 (8.5) Consumers 21.7 7.7 20.00 4.30 (8.0) Minerals 41.5 1.5 1.74 0.72 - TOP 10 REGIONAL YEAR TO DATE LOSERS Company Country Currency CMP MCap (USDm) YTD Sector Chng (%) Al Kamil Power Oman OMR 0.25 62 (23.1) Utilities Al Baraka Banking Bahrain USD 0.21 265 Dhofar Generating Oman OMR 0.15 84 GMPC UAE AED 2.01 Gulf Hotel Group Bahrain BHD Raysut Cement Oman OMR Shell Oman Oman S Salalah Power VALUATION TTM P/E TTM P/B 52 Week High Low - 1.2 0.35 0.23 (17.4) Banking 7.4 0.2 0.26 0.21 (16.7) Utilities 21.7 0.9 0.20 0.15 382 (16.3) Healthcare 40.7 - 2.62 1.33 0.31 186 (16.2) Consumer - 0.7 0.38 0.31 0.30 154 (14.9) Basic Materials - 0.4 0.36 0.26 OMR 0.90 220 (14.0) Energy 21.9 1.7 1.10 0.78 Oman OMR 0.08 208 (13.3) Utilities 4.7 0.7 0.12 0.08 UAB UAE AED 0.75 419 (12.0) Banking - 1.1 0.89 0.59 DXBE UAE AED 0.08 1,351 (11.2) Consumer - 0.9 0.15 0.07 Note: Market capitalisation is in USD million while closing prices are as per local currencies. 7
8. 17 June 2021 GCC Market Focus List GCC FOCUS LIST Cur . Price MCAP HIGH - LOW VALUATION DIV HISTORICAL RETURN Company Country Sector USDM 52WH Aramco KSA Energy SAR 35.3 1,882,566 37.2 32.4 35.3 7.0 4.0 (0.4) SABIC KSA Petro- Chem SAR 122.2 98,395 128.2 86.1 61.8 2.2 2.4 Al Rajhi Bank KSA Banking SAR 110.0 73,729 115.0 56.5 23.9 4.7 0.9 Saudi Telecom KSA Telecom SAR 130.4 70,503 139.8 94.0 23.9 4.1 NCB KSA Banking SAR 54.6 64,838 59.5 35.6 14.1 2.0 Etisalat UAE Telecom AED 22.2 52,520 22.2 16.4 21.0 4.3 FAB UAE Banking AED 16.6 49,236 17.1 10.4 17.6 1.8 IHC UAE UAE PE/Diversified AED 96.3 47,746 100.0 28.5 42.9 19.5 QNB Qatar Bank QAR 17.8 44,554 19.0 16.4 15.3 TAQA UAE Energy AED 1.4 43,164 1.8 0.6 35.9 Saudi Electricity KSA Utilities SAR 24.5 27,087 27.2 15.2 ENBD UAE Banking AED 14.0 24,078 14.0 8.4 Industries Qatar Qatar Consumers QAR 13.3 21,806 13.8 KFH Kuwait Financial KWD 7.7 21,680 7.7 Riyad Bank KSA Banking SAR 27.0 21,279 NBK Kuwait Banking KWD 8.4 20,171 Saudi A. Mining KSA Industrials SAR 57.7 Saudi B. Bank KSA Banking SAR Almarai KSA Consumer Dr SAH M. Ser. KSA Healthcare Saudi A. Fert. KSA ADNOC UAE ADCB Ezdan Holding 52WL TTM P/E TTM P/B YLD(%) 1W% 1M% 3M% YTD (1.4) (1.1) 2.9 (1.9) 0.2 10.4 22.9 4.2 10.9 15.0 51.9 3.8 (3.0) 8.9 11.1 27.7 1.5 1.3 0.6 4.8 27.1 2.5 0.6 1.2 4.9 36.0 4.5 (2.2) 5.2 12.8 37.8 - (1.1) 1.7 94.5 130.0 1.8 2.5 (0.1) (0.2) 2.8 3.4 2.5 2.2 (1.4) 2.9 1.4 (1.7) 23.4 0.4 2.9 0.2 2.3 13.7 17.4 13.3 1.1 2.9 2.2 11.3 20.7 38.3 7.6 24.9 2.4 2.5 3.4 3.1 12.2 25.8 5.1 41.5 3.5 1.1 2.8 4.9 13.2 26.5 27.2 16.5 17.4 1.8 1.9 2.7 8.3 18.9 34.7 8.7 7.1 26.7 1.6 2.2 0.6 0.7 1.9 7.7 18,966 61.5 34.5 78.6 2.3 - 1.1 4.0 12.9 42.7 32.5 17,369 31.7 21.5 1.3 - 3.7 6.0 24.8 28.2 SAR 61.5 16,399 64.9 50.0 30.9 3.8 1.6 (1.6) 11.8 19.4 14.2 SAR 163.2 15,679 171.6 71.0 52.1 11.7 1.4 (2.2) 12.0 41.2 55.5 Chemicals SAR 118.4 15,105 127.0 73.5 36.4 4.8 1.7 (1.0) 16.7 25.3 49.1 Energy AED 4.4 14,941 5.0 2.9 21 19.3 4.7 (0.2) (11.2) 1.9 18.8 UAE Banking AED 6.9 13,071 7.6 5.0 11 0.9 3.9 (7.6) 11.7 11.1 19.4 Qatar Real Estate QAR 1.7 12,543 2.3 0.9 1.4 - (1.7) (2.9) 11.4 (0.3) Banque S. Fransi KSA Banking SAR 38.4 11,889 40.0 27.8 EIB UAE Banking AED 8.0 11,828 8.0 7.6 QIB Qatar Bank QAR 17.1 10,918 18.5 15.5 Yanbu N. Petro KSA Petro- Chem SAR 70.1 10,799 75.0 49.0 Alinma Bank KSA Banking SAR 20.2 10,783 20.4 14.4 Kingdom Hold. KSA Holding Co. SAR 10.5 10,277 10.9 6.7 DIB UAE Banking AED 4.9 9,739 5.2 3.8 14.3 Masraf Al Rayan Qatar Bank QAR 4.5 9,063 4.7 3.8 Arab N. Bank KSA Banking SAR 22.0 8,880 23.0 18.8 Jabal Omar Dev KSA Real Estate SAR 34.7 8,637 37.5 20.8 Mobile Telecom Kuwait Telecom KWD 5.9 8,493 6.4 5.1 14.0 DU UAE Telecom AED 6.8 8,331 7.2 5.0 Aldar Prop. UAE Real Estate AED 3.8 8,135 3.9 1.7 Emaar Properties UAE Real Estate AED 4.1 8,012 4.2 Ahli U. Bank Bahrain Banking USD 0.8 7,895 Boubyan Bank Kuwait KWD 7.1 7,521 Banking - 27.1 1.1 1.1 4.1 2.9 17.6 18.4 5.4 - - - - (0.0) 13.8 1.8 2.3 (0.9) (0.7) 7.2 3.4 40.8 2.7 1.7 (5.3) 1.1 3.4 14.7 18.0 1.6 1.5 0.3 3.7 12.6 27.1 1.2 1.2 2.3 23.4 28.9 35.0 1.0 4.0 (1.6) 7.7 3.3 10.9 15.2 2.4 3.8 0.5 (0.7) 6.8 2.7 16.6 1.1 1.8 (1.6) 0.7 4.9 12.6 4.9 - (2.9) 9.9 16.2 19.8 2.3 5.6 (0.2) (2.2) (5.6) 2.4 22.9 3.8 4.1 (2.3) 2.1 (5.2) 20.4 13.7 1.2 3.8 (0.3) 6.7 1.6 25.7 2.5 11.9 0.5 2.4 1.2 5.1 12.6 19.2 0.8 0.6 19.8 1.8 1.5 3.9 7.9 15.2 9.4 7.2 4.6 72.8 3.7 - 2.0 8.2 24.4 31.2 - - - Note: Market capitalisation is in USD million while closing prices are as per local currencies. 8
9. Disclaimer This report was prepared by International Securities (“IS”) in and for the United Arab Emirates (“U.A.E.”). IS is a securities brokerage company regulated by the Emirates Securities and Commodities Authority. The information contained in this report is given in summary and does not purport to be complete. All securities and financial product or instrument transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments and, in international transactions, currency risk. Content of this report is provided solely for informational purposes and private circulation and should not be construed as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities or any other financial product or instrument, or adopting any hedging or investment strategy and does not take into account your particular investment objectives, financial situation, tax implications or any other needs. Before acting on any information you should consider and confirm the appropriateness of the information having regard to these matters, any relevant offer document and in particular, you should seek professional financial advice. While based on information believed to be reliable, we do not guarantee and make no express or implied representation as to the accuracy of this report or complete description of the securities markets or developments referred to in this report. The information, contained in this report are as of the date indicated and are subject to change at any time without prior notice. This report may provide the addresses of, or contain hyperlinks to, websites. IS has not reviewed any such site and takes no responsibility for the content of the same. Such address or hyperlink is provided solely for your convenience and information and the content of any such website does not in any way form part of this document. Accessing such website or following such link through this report or IS’s website shall be at your own risk. The stated price of any securities mentioned in this report is as of the date indicated and is not a representation made by IS that any transaction can be effected at this price. This report is for UAE distribution and only under such circumstances as may be permitted by applicable law. The information contained in this report is not intended nor can it be construed as intended to be directed to any US persons (being any US Citizens, US Green Card Holders, or Resident Aliens subject to US income taxes for IRS purposes) unless stated otherwise. Neither IS nor its officers, directors or shareholders or other persons shall be liable for any direct, indirect, incidental or other damages including loss of profits arising in any way from the information contained in this report. This report is a mere update intended solely for the use by the intended recipients and the content of it may not be reproduced, redistributed or copied in whole or in part for any purpose without IS’s prior express consent. 9